Business Development

Business Development Hierarchy

In most corporate organizations, there exists a business development department, which aims at creating growth opportunities for the business.

Chief Business Development Officer

A CBDO is a rank almost similar to the chief executive officer of any company. The chief is the head of the business development department and serves the following job roles:

• Initiates various business plans, in order to enhance overall growth.
• Develops and maintains effective working relationships with prospective clients, existing customers and business partners.
• Develops effective marketing strategies to increase sales.
• Communicates with the board of directors and reports on emerging financial and business issues.

Business Development Manager

A business development manager is integral to the business development hierarchy, expanding business prospects. Key responsibilities i...